您现在的位置是:Loopring (LRC) could rally to $1.2 in the near term >>正文
Loopring (LRC) could rally to $1.2 in the near term
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛51人已围观
简介After reporting a sharp fall over the last three days, it seems like Loopring (LRC)has started to co...
After reporting a sharp fall over the last three days, it seems like Loopring (LRC)has started to consolidate. The coin could find enough demand for another rally in the coming days. But how fast will this happen? More analysis to follow but here are the latest developments:
Despite the recent fall, LRC is still within an important upward trend line
The coin also shows a bullish signal on the Relative Strength Index (RSI)
LRC could surge towards $1.2 before it tries to consolidate once again.
Data Source: Tradingview
Loopring (LRC) – Analysis and price prediction
The last 3 days have proved quite difficult for LRC holders. The coin has seen a major drop and was in fact down by around 7% in the last 24 hours. But this doesn’t mean the token is in a bear market.
We are in fact seeing a period of price consolidation within a very important upper trend line. As such, we expect LRC to report more gains in the days ahead. Conservative estimates show that the coin could hit $1.2 before it finds further momentum. This will still represent a gain of around 20% from the current price.
Also, the RSI reading shows LRC is now in oversold territory. This could suggest that any risk of another major sell-off is highly unlikely. This analysis will however be null and void if LRC falls below $0.735.
Why should you buy LRC now?
Loopring is a scaling solution for Ethereum that has a lot of star-studded investors. It’s a project that has great long-term value. There is also an opportunity to make a return on a short-term trade.
Since the coin is roughly trading at around $1 right now, there is a likely 20% upswing in the days ahead if the surge towards $1.2 happens. The perfect entry zone for this short-term play will be between $0.74 and $1.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/58853.html
相关文章
ETC outperforms the broader market after rallying by 27%
Loopring (LRC) could rally to $1.2 in the near termEthereum Classic is the best performer amongst the top 100 cryptocurrencies by market cap in the las...
阅读更多
Wave Financial acquires FINMA regulated crypto firm Criptonite
Loopring (LRC) could rally to $1.2 in the near termSEC regulated Waves Financial plans to use the acquisition to expand its reach across Europe and glo...
阅读更多
Mexico’s finance ministry & central bank get in the way of Banco Azteca’s plans
Loopring (LRC) could rally to $1.2 in the near termThe consumer banking company looked set to become the first banking institution to accept Bitcoin in...
阅读更多
热门文章
- OpenAI’s Altman teams up with UAE and TSMC for AI chip venture
- ARK Invest lays out price projections for Bitcoin and Ethereum
- Soft robotic exosuit aids Parkinson's for smoother walking
- Is the Compound token now bullish after 50
- Deep Robotics plans low
- Where to buy aelf: huge volume for ELF grants a 40% gain
最新文章
Tron price breaks above $0.060: What next?
ApeCoin prediction as token retest key support amid bearish pressure
Here is why Cosmos (ATOM) Price is rallying
NEAR publishes shortlist of Women in Web3 finalists
ETH is up by 6% today ahead of the Merge
Ravencoin is up by 6% today despite poor market performance